Apparel Retail

Tiger Woods and TaylorMade have made it official. The golf great has agreed to create a new apparel and footwear performance and lifestyle brand with the Carlsbad, California company following his recent split with Nike.The brand, Sun Day Red, will be available first only online beginning in May. "Life changes and this is important transition and I wanted to have a brand that I was proud of going forward," Tiger said.Woods says the name of the brand "Sun Day Red" is a tribute to the fact that he's always worn red on…

Tony Spring speaks at an event unveiling the Macy's new women's apparel brand, On 34th, in July. Spring is former CEO of Bloomingdale's and begins as Macy's CEO in February 2024, succeeding longtime Macy's CEO Jeff Gennette, right.Melissa Repko | CNBCInside its headquarters in New York City's Herald Square, Macy's got ready to unveil its newest women's clothing brand. Its incoming CEO Tony Spring prepared for his own reveal.Spring took the stage in mid-July in front of fashion influencers, reporters and Macy's employees,…

Canadian sportswear clothing band, Lululemon store in Hong Kong.Budrul Chukrut | Lightrocket | Getty ImagesLululemon is launching its first men's footwear line and casual sneaker as the retailer looks for new avenues of growth in the increasingly crowded athletic apparel space, the company announced Thursday. The retailer is debuting its first casual sneaker, dubbed "cityverse," along with two new running shoes that will all come in both men's and women's styles for the first time. Cityverse will launch Feb. 13, while the…

Tom Brady will become the No. 2 shareholder of Nobull.Courtesy: NobullSeven-time Super Bowl Champion Tom Brady is merging his health and nutrition company, TB12, and his apparel company, Brady, with training brand Nobull.As part of the deal, Brady will become the No. 2 shareholder in Nobull, behind BodyArmor founder Mike Repole who bought the company last year.Terms of the deal were not provided.Nobull was founded in 2015 by former Reebok executives Marcus Wilson and Michael Schaeffer. The Boston-based company employs…

A Birkenstock banner hangs outside the New York Stock Exchange in New York on Oct. 11, 2023, as Birkenstock launches an initial public offering.Angela Weiss | Afp | Getty ImagesBirkenstock shares slumped nearly 10% Thursday after the company warned about its 2024 outlook during its first earnings report since its initial public offering.The German shoe brand reported a quarterly loss of about 28.3 million euros, or about $30.8 million, with an adjusted EBITDA margin of over 30% for its prior fiscal year. Company…

A shopper leaves a Nike store along the Magnificent Mile shopping district in Chicago with a purchase on Dec. 21, 2022.Scott Olson | Getty ImagesNike shares plunged Friday after the athletic apparel maker cut its revenue outlook for the fiscal year, with sneaker retailer Foot Locker also feeling the blow.The stock was down more than 11% in premarket trading Friday. Foot Locker, which relies heavily on Nike products in its stores, was down over 7%.Nike said in its earnings report Thursday that the company now expects its…

American manufacturer of skateboarding shoes Vans store seen in Hong Kong.Budrul Chukrut | LightRocket | Getty ImagesShares of The North Face and Vans owner VF Corp tumbled Monday after the company reported that a hack had affected its ability to fulfill some orders ahead of the holidays.The company said hackers encrypted "some" systems and made off with personal data. Those are some hallmarks of ransomware, where attackers try to extort companies in exchange for hefty payment. VF Corp declined to comment on whether the…

Lawmakers are ramping up their scrutiny of Shein after it confidentially filed to go public last week.One congressman who sits on a key committee is even threatening to pursue legislation to bar the retailer from trading if the U.S. Securities and Exchange Commission doesn't reject its application.Rep. Blaine Luetkemeyer, R-Mo., issued a video address Tuesday saying Shein "warrants extreme caution from regulators, customers and investors" as the fast-fashion powerhouse sets the stage to start trading on U.S. exchanges as…

American clothing and accessories retailer American Eagle store seen in Hong Kong. (Photo by Budrul Chukrut/SOPA Images/LightRocket via Getty Images)Budrul Chukrut | Lightrocket | Getty ImagesShares of American Eagle plummeted 15% in premarket trading Tuesday after the company issued a holiday forecast that failed to impress. For its holiday quarter, American Eagle expects sales to be up high-single digits, ahead of the 3.4% sales growth analysts had expected, according to LSEG. However, it's expecting its operating…

What a difference a week makes. Following last week's stumbles, the Dow Jones Industrial Average , the S & P 500 and the Nasdaq Composite are all tracking to go wire-to-wire this week, with five-straight days of gains. Dovish rhetoric from the Federal Reserve on Wednesday and a Goldilocks (not too hot, not too cold) jobs report from the U.S. Labor Department on Friday pulled bond yields lower, which supported stocks. On Monday and Tuesday, the market had a hangover from last week and was still oversold, according to…